Aspendale

Aspendale has seen population growth performance typically on par with national averages when looking at short and medium term trends

As of Nov 2025, AreaSearch estimates Aspendale's population at around 7,480, reflecting a 195 person increase since the 2021 Census. The population was 7,285 in 2021. This increase is inferred from AreaSearch's estimate of 7,446 residents following examination of ABS' ERP data release in June 2024 and validation of 86 new addresses since the Census date. Aspendale's population density stands at 2,468 persons per square kilometer, placing it in the upper quartile nationally according to AreaSearch assessments. Over the past decade ending Dec 2021, Aspendale (SA2) demonstrated a compound annual growth rate of 1.0%, outperforming its SA3 area. Overseas migration contributed approximately 60.0% of overall population gains during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area released in Jun 2024 with 2022 as the base year, and VIC State Government's Regional/LGA projections released in 2023 adjusted using weighted aggregation method for areas not covered by ABS data. Considering these projections, Aspendale is expected to increase its population by just below the median national rate to 870 persons by 2041, reflecting a total increase of 13.6% over the 17 years from Dec 2021 to Dec 2041.

Recent residential development output has been above average within Aspendale when compared nationally

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Aspendale averaged around 48 new dwelling approvals per year over the past 5 financial years, totalling an estimated 244 homes. As of FY-26 so far, 12 approvals have been recorded. Over these 5 years, an average of 0.9 new residents per year per dwelling constructed has been observed. This indicates that new supply is keeping pace with or exceeding demand, providing ample buyer choice and capacity for population growth beyond current forecasts.

The average construction value of new properties is $598,000, demonstrating a focus on the premium segment with upmarket properties. In FY-26 so far, $2.3 million in commercial development approvals have been recorded, reflecting Aspendale's residential nature. Compared to Greater Melbourne, Aspendale has slightly more development (22.0% above regional average per person over the 5 year period), maintaining good buyer choice while supporting existing property values. New building activity shows 32.0% detached dwellings and 68.0% attached dwellings, indicating a skew toward compact living which offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers. This reflects a considerable change from the current housing mix (currently 69.0% houses), likely due to reduced availability of development sites and shifting lifestyle demands and affordability requirements.

With around 141 people per dwelling approval, Aspendale shows characteristics of a low density area. According to AreaSearch's latest quarterly estimate, Aspendale is forecasted to gain 1,014 residents through to 2041. Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.

Aspendale has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

A total of eight projects have been identified by AreaSearch as potentially impacting the area. Key projects include The Strand Aspendale, Rossdale Golf Course Redevelopment Aspendale, Aspendale Beachside Structure Plan, and Aspendale Gardens Shopping Centre Redevelopment.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The employment landscape in Aspendale shows performance that lags behind national averages across key labour market indicators

Aspendale has a highly educated workforce with significant representation in professional services. The unemployment rate was 5.0% as of September 2025, slightly higher than Greater Melbourne's rate of 4.7%.

Employment among residents is concentrated in health care & social assistance (19.8%), education & training (16.3%), and construction (10.2%). The area has a particular employment specialization in education & training, with an employment share 1.4 times the regional level. Retail trade has limited presence, with only 7.7% of residents employed in this sector compared to the regional average of 9.8%. Labour force levels increased by 0.5% over the year to September 2025, while employment declined by 0.1%, leading to a rise in unemployment rate by 0.5 percentage points.

In contrast, Greater Melbourne experienced employment growth of 3.0% and labour force growth of 3.3%. State-level data for Victoria as of 25-Nov shows employment grew by 1.13% year-on-year, with the state unemployment rate at 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia forecasts national employment to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Aspendale's employment mix suggests local employment should increase by 6.7% over five years and 13.7% over ten years.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

Aspendale suburb has high national income levels according to latest ATO data aggregated by AreaSearch for financial year 2023. Aspendale's median taxpayer income is $60,616 and average income stands at $77,332, compared to Greater Melbourne's $57,688 and $75,164 respectively. Based on Wage Price Index growth of 8.25% since financial year 2023, estimated incomes for September 2025 are approximately $65,617 (median) and $83,712 (average). Census data shows Aspendale's household, family, and personal incomes rank highly nationally, between the 80th and 85th percentiles. Income analysis reveals that 30.7% of locals (2,296 people) fall into the $1,500 - 2,999 weekly income category, similar to regional levels at 32.8%. Higher earners make up a substantial presence with 36.9% exceeding $3,000 weekly. Housing accounts for 13.6% of income, and residents rank highly in disposable income at the 86th percentile nationally. The area's SEIFA income ranking places it in the 9th decile.

Aspendale displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Aspendale's dwelling structures, as per the latest Census, consisted of 69.2% houses and 30.8% other dwellings (semi-detached, apartments, 'other' dwellings). This contrasts with Melbourne metro's figures of 54.8% houses and 45.2% other dwellings. Home ownership in Aspendale stood at 39.1%, with the remaining dwellings either mortgaged (43.4%) or rented (17.5%). The median monthly mortgage repayment in Aspendale was $2,383, higher than Melbourne metro's average of $2,167. Median weekly rent in Aspendale was recorded at $460, compared to Melbourne metro's $410. Nationally, Aspendale's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Aspendale features high concentrations of family households, with a higher-than-average median household size

Family households account for 77.0% of all households, including 41.8% that are couples with children, 23.7% that are couples without children, and 10.5% that are single parent families. Non-family households make up the remaining 23.0%, with lone person households at 21.2% and group households comprising 1.9% of the total. The median household size is 2.7 people, which is larger than the Greater Melbourne average of 2.4.

Aspendale shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Educational qualifications in Aspendale Gardens trail regional benchmarks, with 36.7% of residents aged 15+ holding university degrees compared to 46.0% in the SA4 region as of 2021 data. This gap highlights potential for educational development and skills enhancement. Bachelor degrees lead at 24.6%, followed by postgraduate qualifications (8.0%) and graduate diplomas (4.1%). Trade and technical skills feature prominently, with 30.2% of residents aged 15+ holding vocational credentials – advanced diplomas (11.7%) and certificates (18.5%).

Educational participation is notably high, with 30.8% of residents currently enrolled in formal education as of the same period. This includes 11.1% in primary education, 9.1% in secondary education, and 5.2% pursuing tertiary education.

Transport servicing is moderate compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Transport analysis indicates 21 active stops operating in Aspendale, serving a mix of train and bus services. These stops are served by three individual routes, collectively facilitating 1659 weekly passenger trips. Transport accessibility is rated as good, with residents typically located 271 meters from the nearest stop.

Service frequency averages 237 trips per day across all routes, equating to approximately 79 weekly trips per stop.

Aspendale's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Aspendale's health outcomes show excellent results across all age groups, with a very low prevalence of common health conditions. Approximately 4752 people have private health cover, representing about 57% of Aspendale's total population (~8139).

This figure is slightly lower than Greater Melbourne's rate of 59.5%. The most prevalent medical conditions in the area are asthma and mental health issues, affecting 630 (7.9%) and 524 (6.5%) residents respectively. A significant majority, 5891 (72.9%), report having no medical ailments, compared to 70.4% across Greater Melbourne. Aspendale has a lower proportion of seniors aged 65 and over, with 1383 people representing 17.7%, compared to Greater Melbourne's 19.3%. Despite this, health outcomes among seniors in Aspendale are strong and largely align with the overall population's health profile.

In terms of cultural diversity, Aspendale records figures broadly comparable to the national average, as found in AreaSearch's assessment of a number of language and cultural background related metrics

Aspendale's cultural diversity aligns with its wider region, having 80.3% born in Australia, 92.1% being citizens, and 89.5% speaking English only at home. Christianity is the predominant religion, comprising 49.7%. Judaism is overrepresented at 0.3%, compared to Greater Melbourne's 1.1%.

The top three ancestry groups are English (27.6%), Australian (25.9%), and Irish (10.7%). Other ethnic groups show notable variations: Russian is 0.8% in Aspendale versus 1.0% regionally, Hungarian is 0.4% versus 0.4%, and French is 0.6% versus 0.6%.

Aspendale's population is slightly older than the national pattern

Aspendale has a median age of 40, which is slightly higher than Greater Melbourne's figure of 37 and Australia's median age of 38 years. Compared to Greater Melbourne's average, Aspendale has an over-representation of the 45-54 age cohort (15.0%) and under-representation of the 25-34 age group (7.6%). Between 2021 and present, the 15-24 age group increased from 11.5% to 13.3%, while the 5-14 cohort declined from 15.1% to 13.7%. The 25-34 age group also decreased from 9.0% to 7.6%. By 2041, Aspendale's age profile is projected to change significantly. The 65-74 age cohort is expected to expand by 268 people (38%), growing from 703 to 972 individuals. Notably, the combined 65+ age groups will account for 53% of total population growth, reflecting Aspendale's aging demographic profile. Meanwhile, the 0-4 and 35-44 cohorts are expected to experience population declines.